The Commerce Department will issue antidumping duty orders on imports of welded line pipe from South Korea and Turkey and a countervailing duty order on imports of this product from Turkey.
The White House sent notifications to Congress that it intends to suspend South African agricultural imports from AGOA due to unresolved barriers to U.S. chicken, pork and beef.
Allianz Group’s dedicated carrier for corporate and specialty insurance business, Allianz Global Corporate & Specialty, launched a dedicated transportation and logistics unit in North America today.
The U.S. exported 79,474 metric tons of beef in September, a 21 percent drop from September 2014, but pork export volumes rose 6 percent year-over-year to 172,012 metric tons.
The third-party logistics provider launched a new operation for the storage and distribution of dangerous goods at its site in Duisburg, Germany.
Neptune Orient Lines, parent of liner company APL, has confirmed it has entered into talks with CMA CGM and Maersk about a potential sale, while COSCO and China Shipping told FMC Commisioner William Doyle they are in the “beginning stages of a merger.”
Chinese carriers COSCO and China Shipping told the Federal Maritime Commission they are in the beginning stages of a merger, while Bloomberg reported CMA CGM has entered into talks to buy APL parent Neptune Orient Lines.
The Danish shipping conglomerate attributed the decline to lower freight rates at Maersk Line and lower oil prices for Maersk Oil, leading the company to downgrade its full-year profit projection for 2015.
Free-trade supporters and opponents alike have eagerly waited for the Trans-Pacific Partnership document, which includes detailed charts showing negotiated reductions in tariff rates by commodity and when they go into effect, to be made publicly available.
The Panama Canal Authority is providing scant details on delays carriers are facing transiting the waterway, attributing them to increased vessel traffic and fog.
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell 31.8 percent and 19.7 percent, respectively.
The international trade deficit, a negative balance in which the overall value of a country’s imports exceed that of its exports, declined from $48.0 billion in August to $40.8 billion in September.
The international freight forwarding and logistics company reached an agreement with Dutch Flower Group Wednesday to acquire a majority stake in its airfreight forwarder Airflo.
The South Korean ocean carrier reported operating profits in its container division fell over 73 percent year-over-year in the third quarter of 2015 despite volume growth of nearly 4 percent thanks to weak freight rates caused by overcapacity.
Year-over-year cargo volumes continued to rebound after a relatively flat August, but volumes are still down 1.2 percent down from their peak at the end of 2014, according to the International Air Transport Association.
The Malaysian ship owner posted operating profits of 618 million Malaysian ringgit on revenues of 2.5 billion Malaysian ringgit for the third quarter, which ended Sept. 30. 2015.
The ocean carrier began offering slots on the joint CNC, COSCO and Yang Ming CTS loop, which operates between Korea, China, Southeast Asia and Hong Kong, on Nov. 3.
Iron ore shipments on the Great Lakes totaled 5.3 million tons in October, while limestone shipments reached 3.4 million tons, year-over-year decreases of 23 percent and 8 percent, respectively.
K Line Shipping and Logistics is a joint venture between Japan’s “K” Line and the Dubai-based Sharaf Group.
The Dubai-based ocean carrier launched a new mobile application that features round-the-clock shipment tracking, schedule search options and enhanced track and trace functionality.
